Why surging US real yields are quietly forcing Bitcoin under $84,000
Bitcoin registered an intraday low at $83,500 on Sept. 23, the same day the US 10-year Treasury yield closed at 5.11%, up 15 basis points in a single session, as a hotter-than-expected business activity survey pushed investors to reprice interest rates. Bitcoin now sits inside the $84,000 to $85,000 zone Glassnode identifies as its nearest […] The post Why surging US real yields are quietly forcing Bitcoin under $84,000 appeared first on CryptoSlate.
Key Takeaways
- Bitcoin registered an intraday low at $83,500 on Sept.
- 23, the same day the US 10-year Treasury yield closed at 5.11%, up 15 basis points in a single session, as a hotter-than-expected business activity survey pushed investors to reprice interest rates.
- Bitcoin now sits inside the $84,000 to $85,000 zone Glassnode identifies as its nearest […] The post Why surging US real yields are quietly forcing Bitcoin under $84,000 appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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